Tanzania external debt increase by $7.8mn in October 2016

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By Mnaku Mbani
External debt stock reached USD 16,407.6 million as at end of October 2016, being an increase of USD 7.8 million from the amount recorded during  the preceding month. On annual basis,the stock of debt was USD 1,035.8 million higher than the amount recorded at the end of the  corresponding period in 2015 mainly due to new disbursements.

Central government debt reached USD 13,282.9 million as at end October 2016, representing an increase of  USD 11.0 million and an increase of  USD 933.0 million compared to the amount recorded in the preceding month, and to the stock of debt at the end of  the corresponding period in 2015, respectively.
According to Bank of Tanzania Monthly Economic Review for November, the share of the central government debt in total external debt increased slightly to 81.0 percent  in October 2016 from 80.9 percent in the preceeding month.
The stock of debt as at the end of October 2016 increased across all creditor categories except bilateral creditors, and the percentage share composition changed slightly compared to the corresponding period in 2015.
Disbursements received during October 2016 were USD 43.6 million, out of which USD 8 million was received by the Government and the balance of USD 35.6 million was received by the private sector.  External debt disbursements during the year ending October 2016 amounted to USD 1,481.2 million, out of which USD 977.2 million was received by the Government.
 External debt service during October 2016 amounted to USD 39.6 million, out of which government payments was USD 26.6 million and the remaining balance was paid by the private sector.
External debt service during the year ending October 2016 amounted to USD 1,013.6 million, out of which USD 699.5 million was paid by the government and the remaining balance of USD 314.1 was paid by the private sector.


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